31st January 2012
Japan's blue chip index the Nikkei has recorded its best January performance for the last 13 years, today's (January 31st) figures have revealed.
According to Reuters, investors remain convinced that the strength of the US economy can offset any domestic difficulties in the Asian country and therefore indices have risen on the back of this positive sentiment.
"A lot of people call this short-covering or month-end window dressing, but the market is definitely in an upward trend," Yoshihiro Ito, chief strategist at Okasan Online Strategies, told the news provider.
Overall, the Nikkei gained 4.1 per cent in January 2012 - a considerable increase on the monthly average between 1972 and 2011, which stood at just a 1.37 per cent gain.
This development follows reports by the Wall Street Journal yesterday that the Nikkei was down by 0.6 per cent on the back of weak gross domestic product data coming out of the US.
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